Boeing 2014 Annual Report Download - page 84

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72
reach-forward losses, and $476 and $563 of unamortized tooling costs. At December 31, 2014, $1,047 of
747 deferred production and unamortized tooling costs are expected to be recovered from units included
in the program accounting quantity that have firm orders and $1,170 is expected to be recovered from
units included in the program accounting quantity that represent expected future orders.
Commercial aircraft programs inventory included amounts credited in cash or other consideration (early
issue sales consideration) to airline customers totaling $3,341 and $3,465 at December 31, 2014 and
2013.
Note 7 – Customer Financing
Customer financing primarily relates to the Boeing Capital (BCC) segment and consisted of the following
at December 31:
2014 2013
Financing receivables:
Investment in sales-type/finance leases $1,535 $1,699
Notes 370 587
Total financing receivables 1,905 2,286
Operating lease equipment, at cost, less accumulated depreciation of $571 and
$564 1,677 1,734
Gross customer financing 3,582 4,020
Less allowance for losses on receivables (21) (49)
Total $3,561 $3,971
The components of investment in sales-type/finance leases at December 31 were as follows:
2014 2013
Minimum lease payments receivable $1,475 $1,731
Estimated residual value of leased assets 521 543
Unearned income (461) (575)
Total $1,535 $1,699
Operating lease equipment primarily includes large commercial jet aircraft and regional jet aircraft. At
December 31, 2014 and 2013, operating lease equipment included $48 and $83 of BCC equipment
available for sale or re-lease. At December 31, 2014 and 2013, we had firm lease commitments for $0
and $57 of this equipment.
Financing receivable balances evaluated for impairment at December 31 were as follows:
2014 2013
Individually evaluated for impairment $86 $95
Collectively evaluated for impairment 1,819 2,191
Total financing receivables $1,905 $2,286
We determine a receivable is impaired when, based on current information and events, it is probable that
we will be unable to collect amounts due according to the original contractual terms. At December 31,
2014 and 2013, we individually evaluated for impairment customer financing receivables of $86 and $95
and determined that none of these were impaired. As of December 31, 2014 and 2013, we had no material
receivables that were greater than 30 days past due and we had no impaired customer financing receivables
during 2014.